47.3 trillion dinar Iraq's internal debt

15/04/2017-20:30


Economy news Baghdad:

Iraqi Government official revealed Saturday, reaching domestic debt to Iraq 47.3 trillion dinars, asserting that domestic debt went to cover the deficit in the fiscal budgets of previous years.

The source said on condition of anonymity for "news", "economy of domestic debt of Iraq now stands at 47.3 trillion dinars," stressing that the "Iraqi Government borrowed from financial institutions in order to cover the fiscal deficit in the financial budgets of previous years.

And economic circles were talked about reaching 120 billion dollars in debt since last century bytes yet, passing Iraq in severe financial crisis since 2014 as a result of low oil prices on the world market and increased military spending on the war against Al ISIS.

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